btc volume was 28 million in past 24 hours
The problem is sorting itself out.
In a ponzi scheme, you give me your investment and I give you 120% of your investment back using the funds of later investors. In bitcoin you buy bitcoins for the market price and then if the price goes up you can profit. There is no conman guaranteeing that everybody that buys a bitcoin will be able to sell it for more than they paid.
Look, by not buying you are in fact taking a risk. If the world decides to use this as its global currency and all other currencies become worthless you may be forced into servitude working 70 hours a week for a tiny fraction of one of these invisible objects. People who got in early would be able to simply retire. There is a risk in not buying also. The only risk in buying is that the currency you buy gets less valuable and then you can just buy more. The risk in not buying, well, if you are young, let me come back in ten years and laugh in your stupid face and say I told you so as you shovel shit for a fraction of a bitcoin a year.
Probably bought at $1000 and sold at $500 and now wants to spare us all from the horrors of crypto.
Good don't use it. More for me. Your grandkids won't know how much I paid for them bitcoins either.
Bitcoin doesn't need founders anymore. Yeah, the guy that has the genisis block under his control is going to be super rich. This is all the more reason to get some of the bitcoins under your control while they are still under 1k. Unless you like being a slave? Cryptocurrency has infinite upside risk. Image a future where bitcoin is the only currency accepted, one coin cost a million dollars and you don't have any because you thought it was a scam for suckers. Who is the sucker if it plays out like this?
What are we so skeptical about? Do you honestly think investors and bagholders will stop trading bitcoins for US dollars at some point in the future and all this will go away? You are the one who needs to dream on. Buy in now or cry in 10 years. You were all here. You could have all bought in for under 1k a bitcoin. Or you can all continue to believe it's a just a scam for suckers. Life is all about choices.
Only early adopters? Would somebody that bought bitcoins in 2016 be considered an early adopter in 2026?
If they were really smart they would sell it all at once and then buy back twice as many for half price in the panic crash and then pump it back up at the next bubble and do it again and again.
Get serious, bitcoin has a 10 billion dollar market cap. 28 million sold at once will drive the price down for sure, but new money will come in to buy the cheap bitcoins and the price will go back up. You can't make a bitcoin worthless unless you kill or otherwise discourage all the humans intersted in owning larger and larger amounts of them.
In soviet Russia malware hosts you?
HAHA, you think the value of bitcoin is going to go down. Good luck with that bagholder! Enjoy watching the rest of us get filthy rich off your clueless grandchildren buying high and selling low.
Or you could profit big on day to day volatility, by you know, selling high and buying low. Though you sound like the type that likes to buy high and sell low.